LVMH: innovation in the spotlight at the VivaTech trade show (2024)

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11:35:47 2024-05-23 am EDT
5-day change 1st Jan Change
752.8 EUR +0.12% LVMH: innovation in the spotlight at the VivaTech trade show (1) -4.22% +2.62%
May. 23 Lagardère Directors Consent to Continuing Exclusive Talks with LVMH for Paris Match Divestment MT
May. 22 LVMH: negotiations underway for the purchase of Paris Match CF

May 22, 2024 at 06:50 am EDT

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For the eighth edition of VivaTech, from May 22 to 25, LVMH unveils its Dream Garden, a pavilion focused on innovation for its customers, startups and talent.

Using artificial intelligence and data, LVMH seeks to reinvent the luxury sector. A founding partner of the event, LVMH brings together thirteen iconic Houses and promising startups, selected via its 'Innovation Award'.

The 'Dream Garden' pavilion highlights three strategic pillars, namely luxury customer experience, brand desirability and exemplarity by promoting sustainable growth and accessibility of its sites and products.

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Latest news about LVMH

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Company Profile

LVMH Moët Hennessy Louis Vuitton SE is the world leader in luxury products. Net sales break down by family of products as follows:- fashion and leather items (48.9%): brands such as Louis Vuitton, Kenzo, Celine, Fendi, Marc Jacobs, Givenchy, etc.;- watches and jewels (12.8%): Bulgari, TAG Heuer, Zenith, Hublot, Chaumet, Fred brands, Tiffany, etc.;- perfumes and cosmetics products (9.6%): perfumes (Christian Dior, Guerlain, Loewe, Kenzo brands, etc.), makeup products (Make Up For Ever, Guerlain, Acqua di Parma, etc.), etc.;- wines and spirits (7.7%): champagnes (Moët & Chandon, Mercier, Veuve Clicquot Ponsardin, Dom Pérignon brands, etc.; No. 1 worldwide), wines (Cape Mentelle, Château D'Yquem, etc.), cognacs (mainly Hennessy; No. 1 worldwide), whisky (mainly Glenmorangie), etc.;The remaining sales (21%) are from selective distribution through the Sephora, DFS, Miami Cruiseline chains and Le Bon Marché and La Samaritaine department stores.At the end of 2023, products are marketed via a network of 6,097 outlets located throughout the world.Net sales are distributed geographically as follows: France (7.9%), Europe (16.4%), Japan (7.3%), Asia (30.8%), the United States (25.3%) and other (12.3%).

Sector

Calendar

2024-07-22 - Q2 2024 Earnings Release (Projected)

Related indices

CAC 40 , EURO STOXX 50 , STOXX EUROPE 600 (EUR)

More about the company

Income Statement Evolution

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Analysis / Opinion

LVMH : Limited downside April 17, 2024 at 12:41 pm EDT
LVMH Moët Hennessy Louis Vuitton SE : More dazzling results July 26, 2023 at 05:07 am EDT

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Ratings for LVMH

Trading Rating

Investor Rating

ESG Refinitiv

B

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Analysts' Consensus

Sell

LVMH: innovation in the spotlight at the VivaTech trade show (6)

Buy

Mean consensus

OUTPERFORM

Number of Analysts

25

Last Close Price

752.8EUR

Average target price

879EUR

Spread / Average Target

+16.77%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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